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JPMorgan Said to Sell $304 Million Mortgage-Bond Issue Bloomberg JPMorgan Chase &amp; Co. (JPM) sold bonds tied to about $304 million of U.S. home loans without government backing, adding to signs of life in the market. The transaction included $171 million of top-rated securities paying a 3 percent coupon, which were sold&nbsp;...

NEW YORK (MarketWatch) -- New York Attorney General Eric Schneiderman is planning to unveil a lawsuit against U.K. bank Barclays PLC later Wednesday, according to a Wall Street Journal report citing a person described as familiar with the matter. The suit relates to the bank's equity-trading business, the person said. Specifically, the suit will allege fraudulent activity at a stock-trading venue knows as a dark pool, the person said. A Barclays spokesman declined to comment. Barclays has had its share of regulatory issues in recent years. In July 2012, the Bank of England pushed out Barclays' then-chief executive, Bob Diamond, a month after the lender was fined for rigging the Libor benchmark interest rate.

News from NHC's family of members by Radiah Shabazz, National Housing Conference&nbsp; NHC Leadership Circle member J.P. Morgan Chase has a long history of banking in Detroit, in part from through acquisition of National Bank of Detroit.&nbsp; So when the city began facing financial troubles that eventually led to bankruptcy last December, Chase stepped in to assist with the recovery process. The company is investing $100 million over a five-year span to help accelerate the recovery process. The funds provided by Chase will be allocated to cover a variety of initiatives that include strengthening workforce readiness, increasing economic growth through community development and growing the city's small businesses. Partnerships with community development financial institutions, including Invest Detroit and Capital Impact , will strengthen the city's ability to develop new retail, commercial and residential properties and sustain or rehabilitate existing properties, through the formation of the Chase Invest Detroit Fund and Detroit Neighborhoods Fund, respectively. Chase has committed $50 million to this effort. Chase is pledging another $25 million to neighborhood revitalization and stabilization to support Detroit's work to diminish neighborhood blight and restore properties to productive use. These efforts, which are being supported by the Detroit Land Bank Authority and the Detroit Blight Removal Task will also encourage homeownership. "With this investment in Detroit, JPMorgan Chase is stepping up and doing our part when our country and this community need us," said Chase Chairman and CEO Jamie Dimon in a release. "We are putting our resources and expertise to work to help this iconic American city chart the course back to economic prosperity." "Chase's commitment of private resources to stabilize a place hit so hard by the foreclosure crisis relies on the same logic that animates NHC's policy work in this area...

WASHINGTON (Reuters) - U.S. House Speaker John Boehner said on Wednesday he is planning to file a lawsuit alleging that President Barack Obama has abused his executive authority by implementing policies without congressional approval.

In this Announcement, topics related to the following have been updated in this month's Selling Guide -- New flexibilities for financing HomePath® properties, allowing the Federal Home Loan Banks as grant and Community Seconds providers, incorporation of Announcement SEL-2014-05, and changes to the high-cost areas for MyCommunityMortgage loans as a result of the 2014 area median incomes. The Community Seconds® Checklist and Special Feature Code document have also been updated.

Fannie-Freddie Regulator Starts New Push for HARP Refinancing Bloomberg The regulator of Fannie Mae and Freddie Mac (FMCC) will conduct a series of town-hall events to convince hundreds of thousands of U.S. borrowers with little or no equity in their homes to refinance. A new analysis by the Federal Housing Finance Agency&nbsp;... and more&nbsp;&raquo;

The housing market is in better shape than it was two years ago, but major issues are still in flux, and industry participants are placing large bets on favored congressional candidates ahead of the November election.

U.S. First Quarter Third GDP Technical Note (Text) Bloomberg Following is the technical note from the Gross Domestic Product report from the Commerce Department. This technical note provides background information about the source data and estimating methods used to produce the estimates presented in the GDP&nbsp;... and more&nbsp;&raquo;

Rising Interest Rate Risk at US Banks William Bednar and Mahmoud Elamin Average interest rate risk in the banking system has been increasing since the end of the financial crisis and is almost back to its pre-recession level. But the increase has not occurred uniformly at large and small banks. At big banks, risk, while... Read More

WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods unexpectedly fell in May, suggesting an anticipated rebound in growth this quarter could fall short of expectations, even as a measure of business capital spending plans rose.

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